Feds Seek Citibank, BNYMellon Records In Tax Dodge Dragnet

By Jonathan Randles

Law360, New York (November 7, 2013, 5:06 PM ET) -- The U.S. on Wednesday sought a court's permission to gather information from Citibank NA and Bank of New York Mellon that might reveal the identities of individuals who have stashed their money in Swiss bank accounts to evade U.S. taxes.

U.S. Attorney Preet Bharara filed a petition requesting permission to serve John Doe summons on Citibank and BNY Mellon for records of accounts associated with Swiss bank Zuercher Kantonalbank.

Zuercher, the largest cantonal bank in Switzerland, services U.S. taxpayers through correspondent accounts with Citibank and BNY...